{"id":2836,"date":"2020-03-03T10:02:32","date_gmt":"2020-03-03T09:02:32","guid":{"rendered":"http:\/\/hlb-sp.customerstage.de\/en\/?page_id=2836"},"modified":"2026-05-30T08:24:59","modified_gmt":"2026-05-30T06:24:59","slug":"company-valuation","status":"publish","type":"page","link":"https:\/\/www.hlb-schumacher.de\/en\/expertise\/special-fields\/company-valuation\/","title":{"rendered":"Company valuation"},"content":{"rendered":"<div id=\"pl-2836\"  class=\"panel-layout\" ><div id=\"pg-2836-0\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-2836-0-0\"  class=\"panel-grid-cell\" ><div id=\"panel-2836-0-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<h1 style=\"text-align: center;\"><em>Company valuation<\/em><\/h1>\n<h1 style=\"text-align: center;\">Well-grounded. Professional. Balanced.<br \/>\nYou can rely on our assessment.<\/h1>\n<p class=\"abstract\">There are occasions when it becomes necessary to valuate a company. Such occasions include company acquisitions and sales, tax requirements or inheritance disputes.<\/p>\n<p>Depending on the respective occasion for valuation, a meaningful determination of value requires varying valuation approaches. We would love to support you as neutral experts, consultants or arbitrators\/facilitators, whichever the occasion requires.<\/p>\n<p>Our valuation approach is comprehensive, with individual support at any point in time and for every step of the process.<\/p>\n<p>The typical process sequence is as follows \u2013 always with room for adjustments to your needs:<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><div id=\"pg-2836-1\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-2836-1-0\"  class=\"panel-grid-cell\" ><div id=\"panel-2836-1-0-0\" class=\"so-panel widget widget_df-boxes-simple panel-first-child panel-last-child\" data-index=\"1\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-df-boxes-simple so-widget-df-boxes-simple-default-d75171398898-2836\"\n\t\t\t\n\t\t><section class=\"normal full infobox typography\">\r\n\r\n            <span class=\"wrap\">\r\n    <div>\r\n        <h3>Preparation<\/h3>\n<ul>\n<li>Kick-off with the client<\/li>\n<li>Definition of the valuation order<\/li>\n<li>Obtaining relevant information and documents for valuation from the client<\/li>\n<\/ul>\n<h3>Analysis<\/h3>\n<ul>\n<li>Analysis of past data<\/li>\n<li>Analysis of the current company situation, market analyses<\/li>\n<li>Identification of value drivers<\/li>\n<li>Plausibility check\/generation of planning models<\/li>\n<\/ul>\n<h3>Valuation<\/h3>\n<ul>\n<li>Generation of situation-specific valuation models<\/li>\n<li>Determination of capitalisation interest rates based on established, scientifically sound methods<\/li>\n<li>Plausibility check of determined company values through complementary methods<\/li>\n<\/ul>\n<h3>Conclusion<\/h3>\n<ul>\n<li>On request, detailed explanations and presentation of valuation results<\/li>\n<li>Delivery of final valuation opinions<\/li>\n<\/ul>\n        <\/div>\r\n                    <\/span>\r\n    \r\n<\/section>\r\n\r\n<div class=\"clear\"><\/div>\r\n<\/div><\/div><\/div><\/div><div id=\"pg-2836-2\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-2836-2-0\"  class=\"panel-grid-cell\" ><div id=\"panel-2836-2-0-0\" class=\"so-panel widget widget_df-accordion-simple panel-first-child\" data-index=\"2\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-df-accordion-simple so-widget-df-accordion-simple-default-d75171398898-2836\"\n\t\t\t\n\t\t>\n<h3 class=\"accordion hasContent\" id=\"job_valuation-of-intangible-assets\" data-structured=\"false\">\n    <span>Valuation of intangible assets            <\/span>\n    <svg width=\"62\" height=\"62\" viewBox=\"0 0 62 62\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n        <circle cx=\"31\" cy=\"31\" r=\"31\" fill=\"#4FA6B7\" \/>\n        <path d=\"M30.9056 47.3278L19 35.0655L21.8538 32.5685L28.8991 40.3718V15H33.046V40.3718L40.1358 32.5685L42.945 35.0655L31.084 47.3278H30.9056Z\" fill=\"white\" \/>\n    <\/svg>\n<\/h3>\n    <div class=\"accordion\">\n        <div class=\"inner\">\n                        <h3>Our service:<\/h3>\n<p>occasion-specific and appropriate valuation of intangible assets<\/p>\n<h3>Added value for you:<\/h3>\n<ul>\n<li>value-increasing potential of intangible assets is utilised to its full extent<\/li>\n<li>exploration of new financing opportunities<\/li>\n<li>appropriate prospect regarding the value of intangible assets which are equally important to shareholders, employees and customers<\/li>\n<\/ul>\n<h3>Our services in detail:<\/h3>\n<ul>\n<li>identification and definition of intangible assets<\/li>\n<li>valuation according to methods geared to market price, costs and capitalised value<\/li>\n<li>support for controlling through valuating intangible assets<\/li>\n<li>valuation in the context of external reporting (commercial law, tax law, national, international)<\/li>\n<li>support in determining appropriate, internal company transfer prices for intangible assets<\/li>\n<\/ul>\n            <div class=\"clear\"><\/div>\n                        <div class=\"clear\"><\/div>\n                                                        <\/div>\n    <\/div>\n<div class=\"clear\"><\/div>\n<script>\n    if (typeof openImmediately == 'undefined' && ('' != \"\")) {\n        var openImmediately = \"undefined\";\n    } else if ('' != \"\") {\n        openImmediately = \"\";\n    }\n<\/script>\n<\/div><\/div><div id=\"panel-2836-2-0-1\" class=\"so-panel widget widget_df-accordion-simple\" data-index=\"3\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-df-accordion-simple so-widget-df-accordion-simple-default-d75171398898-2836\"\n\t\t\t\n\t\t>\n<h3 class=\"accordion hasContent\" id=\"job_statement-regarding-the-appropriateness-of-management-decisions-fairness-opinion-\" data-structured=\"false\">\n    <span>statement regarding the appropriateness of management decisions (fairness opinion)            <\/span>\n    <svg width=\"62\" height=\"62\" viewBox=\"0 0 62 62\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n        <circle cx=\"31\" cy=\"31\" r=\"31\" fill=\"#4FA6B7\" \/>\n        <path d=\"M30.9056 47.3278L19 35.0655L21.8538 32.5685L28.8991 40.3718V15H33.046V40.3718L40.1358 32.5685L42.945 35.0655L31.084 47.3278H30.9056Z\" fill=\"white\" \/>\n    <\/svg>\n<\/h3>\n    <div class=\"accordion\">\n        <div class=\"inner\">\n                        <h3>Our service:<\/h3>\n<p>independent, objective fairness opinions<\/p>\n<h3>Added value for you:<\/h3>\n<ul>\n<li>valuable decision-making aid for entrepreneurial initiatives<\/li>\n<li>proof of diligent and proper management<\/li>\n<\/ul>\n<h3>Our services in detail:<\/h3>\n<ul>\n<li>transaction description\/assessment in aggregated form (opinion letter)<\/li>\n<li>detailed description of assessment background and method (valuation memorandum)<\/li>\n<li>diligent and comprehensive risk assessment (economic, financial, tax, legal)<\/li>\n<li>valuation according to numerous established valuation methods<\/li>\n<li>clear and compelling documentation<\/li>\n<\/ul>\n            <div class=\"clear\"><\/div>\n                        <div class=\"clear\"><\/div>\n                                                        <\/div>\n    <\/div>\n<div class=\"clear\"><\/div>\n<script>\n    if (typeof openImmediately == 'undefined' && ('' != \"\")) {\n        var openImmediately = \"undefined\";\n    } else if ('' != \"\") {\n        openImmediately = \"\";\n    }\n<\/script>\n<\/div><\/div><div id=\"panel-2836-2-0-2\" class=\"so-panel widget widget_df-accordion-simple\" data-index=\"4\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-df-accordion-simple so-widget-df-accordion-simple-default-d75171398898-2836\"\n\t\t\t\n\t\t>\n<h3 class=\"accordion hasContent\" id=\"job_purchase-price-allocation-impairment-testing\" data-structured=\"false\">\n    <span>Purchase price allocation\/impairment testing            <\/span>\n    <svg width=\"62\" height=\"62\" viewBox=\"0 0 62 62\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n        <circle cx=\"31\" cy=\"31\" r=\"31\" fill=\"#4FA6B7\" \/>\n        <path d=\"M30.9056 47.3278L19 35.0655L21.8538 32.5685L28.8991 40.3718V15H33.046V40.3718L40.1358 32.5685L42.945 35.0655L31.084 47.3278H30.9056Z\" fill=\"white\" \/>\n    <\/svg>\n<\/h3>\n    <div class=\"accordion\">\n        <div class=\"inner\">\n                        <h3>Our service:<\/h3>\n<p>assessment of accounting-specific as well as valuation-specific circumstances and analyses for adequate representation of circumstances in annual statements<\/p>\n<h3>Added value for you:<\/h3>\n<ul>\n<li>auditors and consultants with long years of experience<\/li>\n<li>professional planning and valuation models<\/li>\n<li>transparent and appropriate determination of purchase price allocations and possible need for impairment of value<\/li>\n<li>combination of comprehensive balancing and valuation expertise<\/li>\n<\/ul>\n<h3>Our services in detail:<\/h3>\n<ul>\n<li>consulting for creating customised valuation models for impairment testing<\/li>\n<li>carrying out scenario and sensitivity analyses<\/li>\n<li>consulting for generating annual and consolidated financial statements<\/li>\n<li>support in complex balancing and valuation matters<\/li>\n<\/ul>\n            <div class=\"clear\"><\/div>\n                        <div class=\"clear\"><\/div>\n                                                        <\/div>\n    <\/div>\n<div class=\"clear\"><\/div>\n<script>\n    if (typeof openImmediately == 'undefined' && ('' != \"\")) {\n        var openImmediately = \"undefined\";\n    } else if ('' != \"\") {\n        openImmediately = \"\";\n    }\n<\/script>\n<\/div><\/div><div id=\"panel-2836-2-0-3\" class=\"so-panel widget widget_df-accordion-simple\" data-index=\"5\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-df-accordion-simple so-widget-df-accordion-simple-default-d75171398898-2836\"\n\t\t\t\n\t\t>\n<h3 class=\"accordion hasContent\" id=\"job_expert-valuation\" data-structured=\"false\">\n    <span>Expert valuation            <\/span>\n    <svg width=\"62\" height=\"62\" viewBox=\"0 0 62 62\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n        <circle cx=\"31\" cy=\"31\" r=\"31\" fill=\"#4FA6B7\" \/>\n        <path d=\"M30.9056 47.3278L19 35.0655L21.8538 32.5685L28.8991 40.3718V15H33.046V40.3718L40.1358 32.5685L42.945 35.0655L31.084 47.3278H30.9056Z\" fill=\"white\" \/>\n    <\/svg>\n<\/h3>\n    <div class=\"accordion\">\n        <div class=\"inner\">\n                        <h3>Our service:<\/h3>\n<p>as neutral experts, we determine appropriate company values independently and objectively<\/p>\n<h3>Added value for you:<\/h3>\n<ul>\n<li>beneficial long-term experience in drafting judicial and private opinions<\/li>\n<li>cooperation with renowned valuation experts from the field of jurisprudence<\/li>\n<li>qualified and expert representation of the opinion in court<\/li>\n<\/ul>\n<h3>Our services in detail:<\/h3>\n<ul>\n<li>determination of entitlement to severance pay and compensation payment for resigning shareholders<\/li>\n<li>determination of severance pay amounts for resigning partners<\/li>\n<li>distribution of surplus determination for communities of acquisitions<\/li>\n<\/ul>\n            <div class=\"clear\"><\/div>\n                        <div class=\"clear\"><\/div>\n                                                        <\/div>\n    <\/div>\n<div class=\"clear\"><\/div>\n<script>\n    if (typeof openImmediately == 'undefined' && ('' != \"\")) {\n        var openImmediately = \"undefined\";\n    } else if ('' != \"\") {\n        openImmediately = \"\";\n    }\n<\/script>\n<\/div><\/div><div id=\"panel-2836-2-0-4\" class=\"so-panel widget widget_df-accordion-simple panel-last-child\" data-index=\"6\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-df-accordion-simple so-widget-df-accordion-simple-default-d75171398898-2836\"\n\t\t\t\n\t\t>\n<h3 class=\"accordion hasContent\" id=\"job_investment-valuation\" data-structured=\"false\">\n    <span>Investment valuation            <\/span>\n    <svg width=\"62\" height=\"62\" viewBox=\"0 0 62 62\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n        <circle cx=\"31\" cy=\"31\" r=\"31\" fill=\"#4FA6B7\" \/>\n        <path d=\"M30.9056 47.3278L19 35.0655L21.8538 32.5685L28.8991 40.3718V15H33.046V40.3718L40.1358 32.5685L42.945 35.0655L31.084 47.3278H30.9056Z\" fill=\"white\" \/>\n    <\/svg>\n<\/h3>\n    <div class=\"accordion\">\n        <div class=\"inner\">\n                        <h3>Our service:<\/h3>\n<p>determination of fair values of existing investments based on capital value calculations (earning power\/DCF method)<\/p>\n<h3>Added value for you:<\/h3>\n<ul>\n<li>auditors and consultants with long years of experience in national and international annual\/consolidated financial statement audits<\/li>\n<li>professional and transparent determination of investment values<\/li>\n<li>valuation models custom-tailored to your situation<\/li>\n<\/ul>\n<h3>Our services in detail:<\/h3>\n<ul>\n<li>legal form-specific valuation with consideration to industry specifics<\/li>\n<li>appropriate and customised investment valuation incorporating potential synergies, planned measures, profit tax etc.<\/li>\n<li>individual analysis of balancing effects<\/li>\n<\/ul>\n            <div class=\"clear\"><\/div>\n                        <div class=\"clear\"><\/div>\n                                                        <\/div>\n    <\/div>\n<div class=\"clear\"><\/div>\n<script>\n    if (typeof openImmediately == 'undefined' && ('' != \"\")) {\n        var openImmediately = \"undefined\";\n    } else if ('' != \"\") {\n        openImmediately = \"\";\n    }\n<\/script>\n<\/div><\/div><\/div><\/div><div id=\"pg-2836-3\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-2836-3-0\"  class=\"panel-grid-cell\" ><div id=\"panel-2836-3-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child\" data-index=\"7\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<h2>Book recommendations on the topic<\/h2>\n<\/div>\n<\/div><\/div><div id=\"panel-2836-3-0-1\" class=\"so-panel widget widget_df-publication-simple\" data-index=\"8\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-df-publication-simple so-widget-df-publication-simple-default-d75171398898-2836\"\n\t\t\t\n\t\t><div class=\"publication_widget\">\r\n    <div>\r\n        <img decoding=\"async\" src=\"https:\/\/www.hlb-schumacher.de\/en\/wp-content\/uploads\/2019\/06\/Unternehmensbewerung-Toennes.jpg\" alt=\"\">\r\n    <\/div>\r\n    <div>\r\n        <div>\r\n            <p>Gro\u00dffeld\u2009\/\u2009Egger\u2009\/\u2009T\u00f6nnes<\/p>\r\n            <h3>Recht der Unternehmensbewertung<\/h3>\r\n                        <p>RWS Verlag 446 Seiten                <\/p>\r\n                                                <p>ISBN ISBN 978-3-8145-7259-8<\/p>\r\n                    <\/div>\r\n        <div>\r\n                        <p><a href=\"http:\/\/www.rws-verlag.de\/75599\" target=\"_blank\" class=\"button small\" rel=\"noopener\">More information<\/a><\/p>\r\n                    <\/div>\r\n    <\/div>\r\n<\/div>\r\n<div class=\"clear\"><\/div>\r\n<\/div><\/div><div id=\"panel-2836-3-0-2\" class=\"so-panel widget widget_df-publication-simple panel-last-child\" data-index=\"9\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-df-publication-simple so-widget-df-publication-simple-default-d75171398898-2836\"\n\t\t\t\n\t\t><div class=\"publication_widget\">\r\n    <div>\r\n        <img decoding=\"async\" src=\"https:\/\/www.hlb-schumacher.de\/en\/wp-content\/uploads\/2019\/06\/Unternehmensbewertung-Buch-1.gif\" alt=\"\">\r\n    <\/div>\r\n    <div>\r\n        <div>\r\n            <p>T\u00f6nnes (Hrsg.)<\/p>\r\n            <h3>Unternehmensbewertung<\/h3>\r\n                        <p>C.F. M\u00fcller 496 Seiten                <\/p>\r\n                                                <p>ISBN ISBN 978-3-8114-4611-3<\/p>\r\n                    <\/div>\r\n        <div>\r\n                        <p><a href=\"https:\/\/www.cfmueller.de\/Juristische-Wissenschaft\/Handels-Gesellschafts-Wirtschaftsrecht-Arbeits-und-Sozialrecht\/Gesellschaftsrecht\/Unternehmensbewertung-Hardcover.html\" target=\"_blank\" class=\"button small\" rel=\"noopener\">More information<\/a><\/p>\r\n                    <\/div>\r\n    <\/div>\r\n<\/div>\r\n<div class=\"clear\"><\/div>\r\n<\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>Company valuation Well-grounded. Professional. Balanced. You can rely on our assessment. Depending on the respective occasion for valuation, a meaningful determination of value requires varying valuation approaches. We would love to support you as neutral experts, consultants or arbitrators\/facilitators, whichever the occasion requires. Our valuation approach is comprehensive, with individual support at any point in [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"parent":2825,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-2836","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.hlb-schumacher.de\/en\/wp-json\/wp\/v2\/pages\/2836","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hlb-schumacher.de\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.hlb-schumacher.de\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.hlb-schumacher.de\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hlb-schumacher.de\/en\/wp-json\/wp\/v2\/comments?post=2836"}],"version-history":[{"count":16,"href":"https:\/\/www.hlb-schumacher.de\/en\/wp-json\/wp\/v2\/pages\/2836\/revisions"}],"predecessor-version":[{"id":4647,"href":"https:\/\/www.hlb-schumacher.de\/en\/wp-json\/wp\/v2\/pages\/2836\/revisions\/4647"}],"up":[{"embeddable":true,"href":"https:\/\/www.hlb-schumacher.de\/en\/wp-json\/wp\/v2\/pages\/2825"}],"wp:attachment":[{"href":"https:\/\/www.hlb-schumacher.de\/en\/wp-json\/wp\/v2\/media?parent=2836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}